{"id":2345,"date":"2020-05-15T13:17:00","date_gmt":"2023-03-31T20:18:55","guid":{"rendered":""},"modified":"2024-05-29T08:16:32","modified_gmt":"2024-05-29T08:16:32","slug":"make-or-break-for-eurusd","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/make-or-break-for-eurusd\/","title":{"rendered":"Make or Break for EURUSD!"},"content":{"rendered":"

EURUSD is looking for the next catalyst event as it’s still consolidating within a wide price zone. The pair didn’t move significantly after Eurozone’s economic reports. The EU imports collapsed 10% in March due to the coronavirus outbreak. Likewise, EU exports dropped by 6.2% in March but most importantly, EU GDP shrinks 3.8%, the highest since relative records began in 1995. On the other hand, the Employment Drop was just 0.2% in Q1.<\/span><\/p>\n

Lest review the technical outlook of EURUSD.   <\/span><\/p>\n

CopyTrade with ZuluTrade<\/a><\/span><\/p>\n

Starting with the weekly chart, the pair holds above the trendline which has been tested multiple times. RSI (5) moves in sideways without a clear direction.<\/span><\/p>\n

Weekly
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<\/span><\/p>\n

Heading to the daily chart, the pair is ranging for almost 1 week. Its currently testing the lower side of the drawn triangle. RSI (5) is creating higher highs and lows.
<\/span>However, the price still remains below 20EMA and 50SMA which verifies the bearish status.<\/span><\/p>\n

Daily
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<\/span><\/p>\n

Finally, reviewing the hourly, the bias is not clear. It’s testing the 50SMA but hasn’t yet closed above it. Fibonacci retracement levels provide levels of resistance. <\/span><\/p>\n

Hourly
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<\/span><\/p>\n

Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is currently selling EURUSD.<\/span><\/p>\n

\"\"<\/p>\n

Disclaimer<\/strong><\/span><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

EURUSD is looking for the next catalyst event as it’s still consolidating within a wide price zone. The pair didn’t move significantly after Eurozone’s economic reports. The EU imports collapsed 10% in March due to the coronavirus outbreak. Likewise, EU exports dropped by 6.2% in March but most importantly, EU GDP shrinks 3.8%, the highest […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2345","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970632:4"],"rank_math_seo_score":["20"],"rank_math_primary_category":["2"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"b1056a54b7922b9025dfc05f724d61e0\";s:6:\"images\";a:4:{i:0;s:57:\"\/image.axd?picture=\/2020\/1552020\/EURUSDWeekly 1552020.png\";i:1;s:56:\"\/image.axd?picture=\/2020\/1552020\/EURUSDDaily 1552020.png\";i:2;s:53:\"\/image.axd?picture=\/2020\/1552020\/EURUSDH1 1552020.png\";i:3;s:56:\"\/image.axd?picture=\/2020\/1552020\/SENT EURUSD 1552020.PNG\";}}"],"rank_math_analytic_object_id":["196"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2345"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2345\/revisions"}],"predecessor-version":[{"id":4018,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2345\/revisions\/4018"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}